Nu Holdings Stock Outperforms as Earnings Growth Accelerates
• Nu Holdings Ltd. (NU) stock rose 0.49% on a day the broader market declined, outpacing the S&P 500, Dow, and Nasdaq.
• NU earnings per share are projected to increase 125% year-over-year in the upcoming report, with revenue growth of 55.19%.
• Full year analyst estimates call for NU earnings per share growth of 62.5% and revenue growth of 39.97%.
• NU currently sports a Zacks Rank of #3 (Hold) and trades at a forward P/E ratio of 31.2, above the industry average of 27.26.
• The Technology Services industry ranks in the top 33% of over 250 Zacks-ranked industries, suggesting potential further upside.